Listed Swedish property company Kungsleden is selling two commercial properties for a total price of SEK 279 mln (EUR 31 mln), reflecting a yield of 6.4%. The buyer is St Erik Markutveckling, a wholly owned subsidiary of the City of Stockholm.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
